OLG MAKES FOURTH-QUARTER PAYMENTS TO GAMING SITE HOST MUNICIPALITIES
SAULT STE. MARIE – The Ontario Lottery and Gaming Corporation (OLG) today issued fourth-quarter (January to March, 2015) non-tax gaming revenue payments totalling $19,170,543 to 22 municipalities which currently host OLG facilities. To date, host municipalities have received more than $1.1 billion in non-tax gaming revenue.
“Revenues from OLG gaming sites allow host municipalities to invest in and upgrade their infrastructure and support various community organizations and initiatives,” said Charles Sousa, Minister of Finance. “The people of Ontario benefit from these gaming revenues through provincial investment in key public services like health care and education.”
These payments are made under an equitable formula in the Municipality Contribution Agreement that determines the funds municipalities receive for hosting an OLG gaming facility and are based on an escalating scale of gaming revenue that is consistent across all sites in Ontario.
At approximately $2 billion annually, OLG provides the Ontario government with its largest source of non-tax revenue. Modernization will help OLG provide more money to Ontario for hospitals and other government priorities.
In fiscal 2014-2015, the province allocated $115 million in gaming revenue to support charities through the Ontario Trillium Foundation. Every year, the Government of Ontario allocates funding to the province’s problem gambling program for research, treatment and prevention. The amount for fiscal 2014-2015 was $39 million.
OLG is a provincial agency responsible for province-wide lottery games and gaming facilities. Since 1975, OLG has provided nearly $40 billion to the Province and the people of Ontario. OLG’s annual payments to the Province have helped support health care; education, research, prevention and treatment of problem gambling; amateur sport through the Quest for Gold program; and local and provincial charities.
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